Author: News Room
A cryptocurrency user accidentally sent 1.36 million Tether (USDT) directly to the USDT token’s smart contract address on Ethereum. This incident is particularly notable because the user had made a test transaction of 100 USDT just before the mishap. Typically, tokens sent directly to a smart contract address where the tools to perform such transfers do not exist are considered irreversibly lost. This is because token contracts generally lack sweeping. As expected, the USDT token contract does not have such a function. However, the USDT token contract includes a destroyBlackFunds function. This function acts as a safeguard that allows the…
TODAY is all set to team up with the AI gaming alliance to further research-related activities and unleash the power of AI gaming on the whole. The alliance includes big-time players from diverse fields, such as infrastructure, gaming, and AI projects. On the part of TODAY is a social simulation game that is the brainchild of a team of Oscar winners and some former professionals from companies such as Nintendo, SEGA, Epic Games, and Unity. TODAY’s exceptional exposure to conventional gaming, advanced production abilities, and continuous building of generative AI technology will all be at the disposal of the alliance.…
In an innovative move marking its first foray into blockchain-based financial products, BlackRock has introduced the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), according to a press release from 20 March 2024. This groundbreaking tokenized fund, issued on the Ethereum blockchain, aims to provide qualified investors with the ability to earn US dollar yields by subscribing through Securitize Markets, LLC. According to BlckROck’s press release, Robert Mitchnick, the Head of Digital Assets at BlackRock, expressed enthusiasm for the development, stating that BUIDL is a continuation of the firm’s strategy to solve client challenges within the digital asset space through practical…
In a startling revelation by the United Nations (UN), North Korea has accumulated an estimated $3 billion from cyberattacks on cryptocurrency firms. This staggering sum is believed to fuel its weapons programs, escalating global security concerns. How Crypto Funds North Korea’s Weapons of Mass Destruction Program A UN panel of experts reported that these malicious cyberactivities provide nearly half of North Korea’s foreign currency revenue. Between 2017 and 2023, Pyongyang launched 58 cyberattacks on crypto entities. These acts significantly support its weapons of mass destruction (WMD) endeavors. Based on insights from open-source data, international feedback, and other resources, the UN…
The smart contracts platform Avalanche recently said it is collaborating with the Chinese payments giant Alipay to launch a Web3-enabled voucher program. The second phase will see the proof of concept being expanded to more than 100 million users from Southeast Asian countries. Web3-Enabled Vouchers Avalanche, a smart contracts platform, has said it is working […] Read the full article here
[PRESS RELEASE – New York, United States, March 21st, 2024] zkPass, announced its participation in the BNB Chain Airdrop Alliance Program. This strategic collaboration underlines a profound commitment to the community, emphasizing the vital importance of rewarding user engagement and loyalty. Through this initiative, a total of 4 million zkPass tokens are poised for distribution to both new and longstanding users, showcasing a steadfast dedication to nurturing growth and engagement within the ecosystem. A considerable share of these tokens will be reserved for retroactive users, in a move to honor those who have been instrumental in the network’s journey towards…
Reports from local Salvadoran press are raising questions about President Bukele’s announcement last week, when he transferred 5,690 BTC to a cold wallet, stating that all of these belonged to the country. Moises Alvarado, a Salvadoran journalist, found that 80% of the funds in this wallet came from Bitfinex, an international exchange, while 20% came from Chivo Wallet, the national wallet. Salvadoran Press Report Raises Questions About Piggy Bank Wallet’s BTC Ownership A report prepared by Moises Alvarado and published by the Salvadoran local press has raised questions about the true ownership of the BTC transferred by President Nayib Bukele…
Staking cryptocurrencies has emerged as a favored avenue for investors seeking passive income. However, the conventional staking model often constrains assets, hindering their utilization in other decentralized finance (DeFi) activities. Liquid staking protocols like Swell aim to revolutionize this landscape by offering a solution that unlocks the full potential of staked assets. What is Swell? Swell is a Decentralized Finance (DeFi) protocol that pioneers liquid restaking for Ethereum (ETH) holders. Unlike traditional staking methods that immobilize ETH until the staking period concludes, Swell enables users to deposit their ETH and receive a liquid staking token (LST), presently named rswETH. This…
The presumed owner of a dog associated with the memecoin Dogwifhat is auctioning off an iconic image as an NFT. Apparently, the supposed owner of this famous dog, known for its characteristic hat, has decided to sell an NFT of the image. The dog was the catalyst for the creation of the memecoin called dogwifhat, which currently ranks 49th in market capitalization. Let’s see all the details below. The iconic Dogwifhat dog: from memecoin to NFT sale Dogwifhat (WIF): the new star of meme coins in the crypto market The iconic Dogwifhat dog: from memecoin to NFT sale As anticipated,…
Outlier Ventures, a global leader in Web3 acceleration, has partnered with peaq to introduce the DePIN Base Camp accelerator program. Designed to nurture early-stage Web3 founders across all blockchain platforms, the initiative aims to empower startups developing applications, products, and protocols leveraging digital networks, decentralized infrastructures, and data services.—The program is scheduled to kick off in May 2024. Spanning a duration of 12 weeks, the virtual accelerator program promises workshops led by industry experts from Outlier Ventures and peaq, along with mentorship opportunities and potential investments of up to $200,000 USD for participating teams. The DePIN Base Camp seeks to…